Prabhu Insurance Limited has called its 29th Annual General Meeting (AGM) on Friday, Asar 23, to propose an 18 percent bonus share and 0.9474 percent cash dividend, alongside a revision of the rights share proposal to 47 percent.
Prabhu Insurance Limited has announced that it will hold its 29th Annual General Meeting (AGM) on Friday, Asar 23. The Board of Directors, in its meeting held on Asar 24, decided that the meeting will take place at 11 AM at Prabhu Complex, located in Tikathali, Kathmandu.
At the AGM, the company will propose a total dividend distribution of 18.9474 percent, consisting of an 18 percent bonus share and a 0.9474 percent cash dividend. Additionally, a special proposal will be presented to amend the previously approved 50.15 percent rights share issuance proposal, reducing it to 47 percent.
The meeting will also approve the Board of Directors’ annual report, auditor’s report, and the financial statements including balance sheet, profit/loss, and cash flow for the fiscal year 2080/81. Furthermore, a proposal for appointing auditors and fixing their remuneration for fiscal year 2081/82 will be tabled.
For the purposes of the AGM and dividend distribution, the company has set the book closure date as Asar 2. Accordingly, only shareholders registered in NEPSE by Asar 1 will be eligible to receive dividends and participate in the meeting.
This article was originally published on https://bajarkochirfar.com
Translated with the help of AI and reviewed by our editorial team.
